Vancouver, BC – June 25, 2014: 92 Resources Corp. (TSX-V: NTY) (the “Company”) announces that it has arranged a non-brokered private placement (the “Private Placement”) of up to 10,000,000 units (the “Units”) at a price of $0.06 per Unit to raise gross proceeds of up to $600,000.
Each Unit will consist of one common share of the Company and one transferable share purchase warrant (a “Warrant”). Each Warrant shall be exercisable to acquire one additional common share of the Company (a “Warrant Share”) for a period of two years at a price of $0.10 per Warrant Share. Finder’s fee may be payable in whole or in part with respect to the Private Placement pursuant to the policies of the TSX Venture Exchange.
The Company intends to use the net proceeds from the Private Placement to finance exploration work program on the company’s properties and for general working capital.
The Private Placement is subject to acceptance by the TSX Venture Exchange. All the securities issued under the Private Placement are subject to resale restrictions under applicable securities legislation.
For further information, please contact Adrian Lamoureaux, President, at Adrian@92resources.com or visit www.92resources.com.
ON BEHALF OF THE BOARD OF DIRECTORS
“Adrian Lamoureaux”
Adrian Lamoureaux
President and CEO
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements made in this news release that are not historical facts are “forward-looking statements”, and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these “forward-looking” statements.
